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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/coinbase-announces-wbtc-delisting-decision/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Announces WBTC Delisting Decision</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/poloniex-faces-allegations-of-hack-attack-as-millions-of-dollars-worth-of-cryptocurrency-exits-wallet/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> has recently announced the delisting of the wrapped Bitcoin (WBTC) tokens. This decision comes as the company regularly monitors the status of <a href="https://en.coin-turk.com/crypto-market-prepares-for-900-million-token-unlock-in-february/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a> and may remove listings if they no longer meet the required conditions. Following this announcement, WBTC trading pairs will be removed shortly.</p>
<h2 style="text-align: justify" id="implications-of-wbtc-delisting">Implications of WBTC Delisting</h2>
<p style="text-align: justify">According to the announcement from Coinbase, WBTC trading will cease on December 19, 2024, at around 12:00 ET. Although funds will remain accessible to users, trading with the WBTC <a href="https://en.coin-turk.com/pepe-coin-experiences-significant-price-fluctuations/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> will no longer be possible. It remains unclear whether this delisting is a strategic move to promote Coinbase’s own wrapped BTC, cbBTC, or if it results from WBTC failing to meet necessary standards.</p>
<h2 style="text-align: justify" id="future-of-wbtc-in-centralized-exchanges">Future of WBTC in Centralized Exchanges</h2>
<p style="text-align: justify">If other centralized exchanges follow Coinbase’s lead, WBTC may face significant challenges. The official statement from Coinbase highlights that the delisting is due to the failure to fulfill listing requirements.</p>
<blockquote>
 <p style="text-align: justify">“We regularly monitor our listing standards to ensure all assets meet our requirements. Based on our latest review, trading for wBTC will be suspended on December 19, 2024, around 12:00 ET. Your WBTC funds will still be accessible, and you will have the option to withdraw them at any time.”</p>
 <p style="text-align: justify">“wBTC will only be available on a limited order book. Limit orders can be placed and canceled, and matches may still occur.”</p>
</blockquote>
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-408182 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/11/coinbase-wbtc-delist.png" alt="" width="678" height="265"></p>
<p>The post <a href="https://en.coin-turk.com/coinbase-announces-wbtc-delisting-decision/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase Announces WBTC Delisting Decision</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Coinbase Announces WBTC Delisting Decision

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